Fears over Rent-a-Room tax relief changes

Government plans aimed at stopping the abuse of the current Rent A Room tax perk may overcomplicate the system and deter home owners, a trade body warns.

Rent A Room relief provides up to £7,500 tax-free income that can be received from renting out a room or rooms in an individual’s only or main residential property.

The Association of Accounting Technicians says it fears this would effectively bring an end to the tax break for those renting their whole properties out or who rent out a single room whilst they are away.

Read the full story at Letting Agent Today.

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